Monzaee Capital Limited Review

About Monzaee Capital Limited

Monzaee Capital Limited is registered in The Autonomous Island of Anjouan, Union of Comoros (offshore), with a retail forex license numbered L 15661 / MC, effective March 7, 2024, and expiring March 7, 2025 (). The broker offers trading in forex, commodities (metals, oil), indices and CFDs, accessible via platforms including MetaTrader 4, MetaTrader 5, and cTrader (). Advertised features include tight spreads (from 0.0 pips), leverage up to 1:1000 (some sources state up to 1:2000), multiple base currencies (AUD, EUR, GBP, NZD, USD), Islamic (swap-free) accounts, hedging, scalping, support for Expert Advisors (EAs), mobile, web and desktop platforms, and a reported minimum deposit as low as $0–$5 ().

Regulatory and trust concerns are significant: BrokersView classified Monzaee Capital Limited as an “unregulated broker” and flagged it as “SCAM,” noting that its AOFA license expires March 7, 2025, and that the website is currently inaccessible (). Industry reviews describe the AOFA jurisdiction as offering minimal oversight and highlight serious risk, noting that the offshore license may not confer adequate investor protection ().

Pros and cons

Pros

• Wide range of tradable assets: forex, commodities, indices, CFDs, metals.
• Multiple trading platforms supported (MT4, MT5, cTrader) with mobile, web and desktop access.
• High leverage (up to 1:1000–1:2000), tight spreads (from 0.0 pips), low or no minimum deposit advertised, Islamic accounts, EA and hedging/scalping allowed.

Cons

• Offshore regulation by AOFA (Comoros), with license expiring March 7, 2025, and no oversight from major regulatory bodies; classified by BrokersView as unregulated and potentially a scam.
• Website accessibility issues; trustworthiness flagged by multiple sources due to minimal regulatory protection and alarming risk signals.